Persistent Systems zooms on reporting 20% rise in Q3 consolidated net profit
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Persistent Systems is currently trading at Rs. 8653.60, up by 729.35 points or 9.20% from its previous closing of Rs. 7924.25 on the BSE.
The scrip opened at Rs. 8101.15 and has touched a high and low of Rs. 8679.05 and Rs. 8101.15 respectively. So far 21060 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8716.65 on 23-Jan-2024 and a 52 week low of Rs. 3959.25 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 8716.65 and Rs. 7532.40 respectively. The current market cap of the company is Rs. 60957.29 crore.
The promoters holding in the company stood at 31.06%, while Institutions and Non-Institutions held 50.69% and 18.25% respectively.
Persistent Systems has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 42.15% rise in net profit at Rs 259.77 crore for the quarter ended December 31, 2023 as compared to Rs 182.75 crore for the same quarter in the previous year. Total income of the company increased by 27.97% at Rs 1709.04 crore for Q3FY24 as compared Rs 1335.53 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 20.25% rise in its net profit at Rs 286.13 crore for Q3FY24 as compared to Rs 237.95 crore for the same quarter in the previous year. Total income of the company increased by 15.19% at Rs 2536.53 crore for Q3FY24 as compared Rs 2202.13 crore for corresponding quarter of the previous year.
